Industry News

E-Loan acquisition validates online lending model

Founder says bank's purchase 'a vote of confidence'
Published on Aug 3, 2005

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by CareyBot

The move on the part of Puerto Rico’s largest bank to acquire E-Loan for about $300 million gives added credibility to the consumer-direct online lending model, E-Loan’s founder said. Popular Inc., a Puerto Rico-based full services financial services provider with ...